# WAC 208-620-234: WAC 208-620-234. Must a company that provides loan processing or underwriting services on residential mortgage loans be licensed under the Consumer Loan Act?

> Washington · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_208_620_234

## Section

- **Citation:** WAC 208-620-234
- **Heading:** WAC 208-620-234. Must a company that provides loan processing or underwriting services on residential mortgage loans be licensed under the Consumer Loan Act?
- **Jurisdiction:** Washington
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Washington Administrative Code / Title 208 / Chapter 208-620 / Section 208-620-234

## Text

Yes. (1) The company must license at the company level and must employ at least one licensed mortgage loan originator. Loan processors and underwriters are subject to the individual licensing requirements of the S.A.F.E. Act, 12 C.F.R. Part 1008 (Regulation H) if not supervised by an individual licensed as a mortgage loan originator under S.A.F.E. A company level license is required to provide the sponsorship for the supervising licensed mortgage loan originator.
(2) Alternatively, the company may license under the Mortgage Broker Practices Act, chapter 19.146 RCW.

## Nearby sections

- [WAC 208-620-010 WAC 208-620-010. Definitions](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_208_620_010.md)
- [WAC 208-620-011 WAC 208-620-011. How does the department interpret certain definitions in RCW 31.04.015 ?](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_208_620_011.md)
- [WAC 208-620-104 WAC 208-620-104. Who is exempt from licensing as a consumer loan company?](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_208_620_104.md)
- [WAC 208-620-105 WAC 208-620-105. Who is exempt from licensing as a mortgage loan originator under this act?](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_208_620_105.md)
- [WAC 208-620-230 WAC 208-620-230. Do I need a consumer loan license to lend money, extend credit, service or modify the terms of residential mortgage loans, or service student education loans?](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_208_620_230.md)
- [WAC 208-620-231 WAC 208-620-231. Who must have a consumer loan license to service residential mortgage loans secured by Washington residential real estate or obligating Washington residents?](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_208_620_231.md)
- [WAC 208-620-232 WAC 208-620-232. Can I make a small number of residential mortgage loans without being licensed at the company level?](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_208_620_232.md)
- [WAC 208-620-234 WAC 208-620-234. Must a company that provides loan processing or underwriting services on residential mortgage loans be licensed under the Consumer Loan Act?](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_208_620_234.md)
- [WAC 208-620-235 WAC 208-620-235. When making loans, is there a maximum rate of interest allowed under the act?](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_208_620_235.md)
- [WAC 208-620-250 WAC 208-620-250. Is my company required to have a licensed location in the state of Washington?](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_208_620_250.md)
- [WAC 208-620-251 WAC 208-620-251. Are there any additional requirements for out-of-state licensees?](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_208_620_251.md)
- [WAC 208-620-260 WAC 208-620-260. If I am licensed under the Consumer Loan Act, can I broker residential mortgage loans in the state of Washington?](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_208_620_260.md)
- [WAC 208-620-271 WAC 208-620-271. Do I need a license to assist a homeowner with a residential mortgage loan modification?](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_208_620_271.md)
- [WAC 208-620-280 WAC 208-620-280. How do I apply for a consumer loan license?](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_208_620_280.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_208_620_234. Check the current official text before relying on it. Not legal advice.